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April 15, 2024

Insurers lag banks and asset managers with ‘troublingly weak’ climate and social performance

Lloyd’s of London building
ShareAction gave Lloyd’s of London a lowly F ranking and accused the insurer of providing ‘inadequate’ guidance to managing agents operating within its market (Photo: Hollie Adams/Bloomberg)

Half of the insurance companies surveyed by non-profit ShareAction received a lowly E or F ranking for their approaches to climate change, biodiversity and social matters

The global insurance sector is falling behind banks and asset managers on its environmental and social record, reveals an assessment of the sector’s performance by non-profit ShareAction.

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